The Torres Colombo project, promoted equally by IBERDROLA Inmobiliaria, the Caixa Geral de Depósitos group, Sonae Sierra and ING Real Estate, has another distinguished tenant, Barclays.

The bank has rented 9,489 m2 of office space, occupying five complete floors in the East Tower (Torre Oriente), the first of the two to be built, which was completed last April. Some 900 Barclays employees will work there.

This is the third major operation in Torres Colombo following the rental agreements with Capgemini and Fujitsu Services, and is the largest office rental agreement signed in Portugal so far in 2009.

Cushman & Wakefield acted as intermediaries on behalf of the lessors and CB Richard Ellis on behalf of the lessees.

The Colombo Towers are designed to provide a solution to the lack of high-quality large spaces identified by the developers in the Lisbon office market. The project comprises two 14-storey towers with a total gross area of 29,000 square metres each, situated above the Colombo shopping mall. The second tower, the West Tower, will be completed in 2011.

The towers will benefit from all the services available in the mall: a large number of restaurants, a hypermarket, a gym, a chemist, laundries and banks, as well as a wide variety of shops.

The total constructed area, including the towers, shopping mall and parking spaces, covers almost 500,000 square metres, making it the largest mixed-use project in Portugal. With 2,000 square metres of open space per floor, the towers have been designed to meet the needs of large companies.

The Torres Colombo’s prime location is also one of is main attractions. Only a few minutes away from the airport, the Gare do Oriente transport hub and the city centre, the towers have easy access to the city’s major roads and can also be reached by public transport with the Colegio-Militar/Luz underground station right below the complex. Each tower has 500 underground parking spaces located below the shopping mall.

The project, designed by the architect José Quintela, incorporates the best practices in environmental management. It has been awarded the prestigious Lloyd's Register Quality Assurance (LRQA) certificate, the only certification organisation in the world able to operate in all industrial sectors in accordance with the NP EN ISO 14001:2004 and ESO 14001:2004 standards. The towers have also received a class B energy certification – the second highest – reflecting the care taken in building the façades and external shells.

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